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Lionsgate’s Losing Streak: What’s Behind the Studio’s Seven Consecutive Box Office Flops
Is Lionsgate's disastrous box office run a blip or a harbinger of the fate of mid-budget movies?
Lionsgate ’s genre-spanning 2024 slate of heist comedies, weepy coming-of-age tales, cheeky video game adaptations and horror stories was aiming to fill a void. Upcoming releases like King of Pop biopic “Michael,” Ana de Armas-led “John Wick” spinoff “Ballerina,” another “Hunger Games” prequel and “Now You See Me 3” could spark a rebound in fortunes in 2025 and beyond. Lionsgate is far from the only studio that’s endured challenges in 2024 — just ask Warner Bros., Universal or Apple, which fielded expensive misfires like “Joker: Folie à Deux,” “Furiosa: A Mad Max Saga,” “The Fall Guy,” “Argylle” and “Fly Me to the Moon.” As a whole, the domestic box office is struggling, with revenues down more than 11% from the same point in 2023.
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